|
Balance Sheets (USD $)
|
Jun. 30, 2012
|
Mar. 31, 2012
|
| Current Assets |
|
|
| Cash and Cash Equivalents |
$ 14,580 |
$ 25,416 |
| Property & Equipment |
0 |
49 |
| Other Assets |
|
|
| Oil & Gas Properties |
7,112,000 |
7,112,000 |
| Rights to Future Exploration Costs |
4,825,334 |
4,825,334 |
| Total Current Assets |
11,937,334 |
11,937,334 |
| Total Assets |
11,951,914 |
11,962,799 |
| Current Liabilities |
|
|
| Accounts Payable |
369,000 |
349,000 |
| Notes Payable |
145,221 |
61,491 |
| Officer Loans |
154,725 |
119,725 |
| Total Liabilities |
668,946 |
530,216 |
| Stockholders Equity |
|
|
| Preferred Stock, $0.001 par value; authorized 20,000,000 shares 1,885,000 shares as at June 30, 2012 1,965,000 shares as at March 31, 2012 |
1,885 |
1,965 |
| Common Stock, $0.001 par value; authorized 1,500,000,000 shares; issued and outstanding: 222,958,643 shares as at June 30, 2012 201,944,542 shares as at March 31, 2012 |
222,959 |
201,945 |
| Additional Paid-in Capital |
13,006,771 |
12,977,564 |
| Accumulated (Deficit) during Exploration Stages |
(1,828,942) |
(1,629,186) |
| Accumulated (Deficit) during Development Stage |
(123,849) |
(123,849) |
| Accumulated Other Comprehensive Income |
4,144 |
4,144 |
| Total Stockholders Equity |
11,282,968 |
11,432,583 |
| Total Liabilities and Stockholders Equity |
$ 11,951,914 |
$ 11,962,799 |